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GI Partners Announces Completion Of Merger Between SoftLayer® and The Planet® |
| 11-21-2010 |
GI Partners Announces Completion Of Merger Between SoftLayer® and The Planet®
November 10, 2010 – GI Partners today announced the completion of the merger of its portfolio companies SoftLayer Technologies, the innovative on-demand data services provider, and The Planet, the global leader in IT hosting. In August of 2010, GI Partners purchased all of the equity in SoftLayer in partnership with the SoftLayer management team. Since 2006, GI has owned a controlling interest in The Planet.
SoftLayer Technologies, the innovative on-demand data center services provider, and The Planet on has merged operations under the SoftLayer name. Lance Crosby, will continue as SoftLayer’s Chief Executive Officer.
The merger creates the largest private hosting and cloud services provider in the world. Its 24,000 customers in 110 countries will be served by 13 facilities across the United States and Europe that house 76,000 servers under management. The newly combined company will offer a complete range of solutions, including dedicated and managed hosting, cloud services (including hybrid environments), and colocation.
The transaction merging the companies was completed on November 9, creating the largest hosting services provider in the world. The new SoftLayer brings customers the full-range of infrastructure as a service from one source, with fully-automated solutions and innovation, greater technical expertise, expanded geographic diversity, and higher customer value through increased economies of scale.
The Planet accounts and services remain unchanged. Rest assured, the new SoftLayer is committed to the same world-class support and personal service you received as a customer of The Planet.
The new SoftLayer provides:
* An expanded product line, with new products and services not available to you before.
* Industry-leading automation, Customer Portal, and Open API, for direct access to more than 150 backend systems and activities.
* Increased geographic diversity and the ability to choose where your servers reside.
* High-speed network and multiple PoPs, providing more than 1,500G of connectivity and direct connections for lower latency.
* Exclusive network architecture that weaves together distinct Public, Private and Data Center-to-Data Center networks.
* Improved Service Level Agreement with 100% uptime and 2-hour or less hardware replacement (failure or upgrade) guaranteed.
* Greater value for your business, including more performance per dollar, a larger international presence and expanded partnerships with industry leaders. |
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